Kraton (Houston) reports net income of $15.6 million for the third quarter, up 84% year-over-year (YOY) from $8.4 million. Revenue totaled $454 million, up 69% YOY on the contribution of Arizona Chemical, which was acquired in January 2016. Adjusted earnings increased 31% YOY to $0.63/share, but missed the consensus estimate of $0.71/share. "Overall, our results for the third quarter 2016 were below our expectations principally due to incremental margin pressure in our adhesives businesses, lower than planned sales of SBS [styrene-butadiene-styrene] into paving applications and the impact of lower pricing for TOFA [tall oil fatty acids] in our chemical intermediates business," says Kevin M. Fogarty, president and CEO....

Phillips 66 (Houston) reports that its chemicals segment, a 50% share of Chevron Phillips Chemical (CPChem), brought in earnings of $101 million during the third quarter, down 60% year-over-year (YOY) from $252 million, and 47% from the second-quarter’s $190 million....

Huntsman (The Woodlands, Texas) reports net income for the third quarter of $64 million, up 1.6% year-over-year (YOY) from $63 million, on sales of $2.363 billion, down 10.4% YOY. Adjusted earnings fell 19.1% YOY to $0.38/share, beating the consensus estimate of $0.35/share. The company cited lower selling prices and volumes accounted for most of the declines....